THE PROCEDURE FOR INTERNAL CONTROL OF ACCOUNTING IN PRIVATE ENTITIES

The main procedures of internal control are: internal control by inventory, control of receipt of goods, control of the way of completion and use of justifying documents, control of the correct organization and management of accounting, internal control of the verification balances, capitalization o...

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Bibliographic Details
Published in:Quaestus (TimioĢ¦ara) 2022-06 (21), p.13-24
Main Author: Lenghel, Radu Dorin
Format: Article
Language:English
Subjects:
Accounting records
Information systems
Internal controls
Public finance
Signatures
Tax regulations
Online Access:Get full text
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Summary:The main procedures of internal control are: internal control by inventory, control of receipt of goods, control of the way of completion and use of justifying documents, control of the correct organization and management of accounting, internal control of the verification balances, capitalization of the findings of internal control. Errors found as a result of the internal control of the accounts may relate either to the current financial year or to previous financial years. The correction of errors found during the internal control is made on the date of their finding. If the errors are related to the current financial year, their correction is made on behalf of the profit and loss account (class 6 / class 7). The correction of significant errors related to previous financial years is made on account of retained earnings (1174).
ISSN:2285-424X
2343-8134